Mike has experience of advising trustees, employers and providers on a range of pensions issues in relation to both DB and DC arrangements, with particular emphasis on finance and investment issues. He has a particular interest in environmental, social and corporate governance (ESG) investing and stewardship.
He has significant recent experience of complex longevity swap transactions intermediated through captive insurance structures, including the £7billion longevity transaction for the HSBC Bank (UK) Pension Scheme, the second larges ever deal for a UK pension scheme. This type of work has included negotiating positions with several reinsurers on novation and partial termination rights to allow the scheme flexibility for buy-in or buy-out at a later stage, or to update its captive insurance arrangements.
Mike also advises on buy-in and buy-out transactions, investment management arrangements, pooled and segregated mandates, derivatives, collateral arrangements and custody agreements. In addition, he has worked with clients in relation to liability management exercises (including pension increase exchanges and pre-retirement transfer exercises), winding up legacy schemes caught under the master trust legislation, asset transition projects and the setting up of a provider’s self-invested pension plan.
Mike is an Associate Member of the Association of Pension Lawyers and acts as an alternate representative of the firm to the Society of Pension Professionals’ Investment Committee.
Memberships and Qualifications
Associate member APL
Pensions experience since: 2016
Joined Sackers: 2017
Employers: Stephenson Harwood (2016-17)
Bevan Brittan (2014-16)
University of Toronto (BA: English and Politics) (2003-07)
University of Exeter (LLB) (2008-11)
Université de Rennes I (Maitrise en droit européen) (2011-12)
Mike enjoys playing and listening to music, hiking, cycling, skiing, cooking and wine.